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JO - World Coffee Production Stays Ample In 2019/20
iPathA Series B Bloomberg Coffee Subindex Total Return ETN
Global coffee supplies are still expected to be plentiful this season, despite a drop in production in 2019/20.
World coffee production may fall to 167.2 million 60-kilo bags in the current crop year, down from a record 175.3 mln the year before, according to IHS Markit* forecasts.
Arabica output is seen dropping to 96.3 mln bags from last year's 107.6 mln. In contrast, robusta production may rise to a record 70.9 mln bags in the new season from 67.7 mln a year earlier, which had been a record itself.